Golden Sky Minerals Corp. Shareholders Approve Option and Joint Venture Agreement with Boliden
Golden Sky Minerals (OTC: LCKYF) announced shareholder approval of an Option and Joint Venture Agreement with Boliden Mineral Canada, ratified by >95% of disinterested votes on November 12, 2025. Under the agreement Boliden may earn an 80% interest in the Rayfield copper-gold porphyry by funding C$20 million in staged exploration expenditures, after which a joint venture will form.
The deal folds Boliden's adjacent Gjoll property into a combined district of ~90,000 hectares, preserves Golden Sky's tight share structure with a free-carried 20% interest through discovery, and anticipates a 2026 exploration program including drilling. Transaction subject to TSX Venture final acceptance.
Golden Sky Minerals (OTC: LCKYF) ha annunciato l'approvazione da parte degli azionisti di un Accordo di Opzione e Joint Venture con Boliden Mineral Canada, ratificato da oltre il 95% delle votazioni non interessate il 12 novembre 2025. Secondo l'accordo Boliden può acquisire una quota dell'80% nel porfirio di rame-oro Rayfield finanziando 20 milioni di dollari canadesi in spese di esplorazione scaglionate, dopo di che verrà costituita una joint venture.
L'accordo integra la proprietà adiacente Gjoll di Boliden in un'ampia area di lavoro di ~90.000 ettari, mantiene la struttura azionaria ristretta di Golden Sky con una quota a costo zero portata fino a 20% attraverso la scoperta e prevede un programma di esplorazione per il 2026, inclusa la perforazione. La transazione è soggetta all'approvazione finale della TSX Venture.
Golden Sky Minerals (OTC: LCKYF) anunció la aprobación de los accionistas de un Acuerdo de Opción y Joint Venture con Boliden Mineral Canada, ratificado por >95% de votos sin conflicto de interés el 12 de noviembre de 2025. Según el acuerdo Boliden puede ganar un 80% de interés en el porfiro de cobre‑oro Rayfield financiando 20 millones de dólares canadienses en gastos de exploración por etapas, tras lo cual se formará una joint venture.
El acuerdo integra la propiedad vecina Gjoll de Boliden a un distrito combinado de ~90.000 hectáreas, mantiene la estructura de acciones estrecha de Golden Sky con una participación gratuita del 20% hasta el descubrimiento y prevé un programa de exploración para 2026 que incluye perforación. La transacción está sujeta a la aceptación final de TSX Venture.
Golden Sky Minerals (OTC: LCKYF)는 Boliden Mineral Canada와의 옵션 및 합작 투자 계약에 대한 주주 승인, 2025년 11월 12일 무관심 표의 >95%로 승인되었다고 발표했다. 계약에 따라 Boliden은 Rayfield 구리-금 포포라이의 80% 지분을 주차별 탐사비 2천만 캐나다 달러를 조달함으로써 확보하고, 그 후 합작 회사를 구성한다.
거래는 Boliden의 인접 Gjoll 자산을 합쳐 약 90,000헥타르의 지역으로 통합하고 Golden Sky의 촘촘한 주식 구조를 유지하며 발견 시 20%의 무상 지분을 보유하고, 2026년 탐사 프로그램(시추 포함)을 예상한다. 거래는 TSX Venture의 최종 수락 여부에 따라 달라진다.
Golden Sky Minerals (OTC: LCKYF) a annoncé l'approbation des actionnaires d'un Contrat d'Option et de Joint Venture avec Boliden Mineral Canada, ratifié par >95% des voix sans conflit d'intérêts le 12 novembre 2025. Selon l'accord Boliden peut acquérir une participation de 80% dans le porphyre cuivre-or Rayfield en finançant 20 millions de dollars canadiens en dépenses d'exploration échelonnées, après quoi une joint-venture sera constituée.
L'accord regroupe la propriété adjacente Gjoll de Boliden dans un district combiné d'environ 90 000 hectares, préserve la structure d'actionnariat restreinte de Golden Sky avec une participation gratuite de 20% jusqu'à la découverte et prévoit un programme d'exploration pour 2026 incluant des forages. La transaction est soumise à l'acceptation finale par TSX Venture.
Golden Sky Minerals (OTC: LCKYF) gab die Zustimmung der Aktionäre zu einer Option- und Joint-Venture-Vereinbarung mit Boliden Mineral Canada bekannt, die am 12. November 2025 von >95% der uninteressierten Stimmen ratifiziert wurde. Nach der Vereinbarung kann Boliden eine 80%-Beteiligung am Rayfield Kupfer-Gold-Porphyr herfinanzieren, indem sie 20 Millionen kanadische Dollar in gestaffelte Explorationsausgaben investiert, woraufhin eine Joint Venture entsteht.
Der Deal integriert Bolidens angrenzendes Gjoll-Eigentum in ein kombiniertes Gebiet von ca. 90.000 Hektar, bewahrt Golden Skys enge Aktienstruktur mit einer 20%-Beteiligung bis zur Entdeckung und rechnet mit einem Explorationsprogramm 2026 einschließlich Bohrungen. Die Transaktion bedarf der endgültigen Annahme durch die TSX Venture.
Golden Sky Minerals (OTC: LCKYF) أعلنت عن موافقة المساهمين على اتفاق خيار وشراكة/مشترك مع Boliden Mineral Canada، مُصادقاً عليه من قبل أكثر من 95% من الأصوات غير المعنية في 12 نوفمبر 2025. وفقاً للاتفاق، يمكن لـ Boliden أن تكسب 80% من الحصة في Rayfield بنظام porphyry النحاس-الذهب من خلال تمويل 20 مليون دولار كندي في نفقات استكشاف مجزأة، وبعدها سيتم تشكيل مشروع مشترك.
تدمج الصفقة الممتلك Gjoll المجاور لـ Boliden في منطقة مدمجة تبلغ نحو ~90,000 هكتار، وتحافظ على هيكل الأسهم الضيق لشركة Golden Sky مع وجود حصة مجانية تبلغ 20% حتى الاكتشاف، وتتوقع برنامج استكشافي لعام 2026 بما في ذلك الحفر. تخضع الصفقة للموافقة النهائية من TSX Venture.
- Boliden to fund C$20 million exploration earn-in
- 80% earn-in option for Boliden with staged milestones
- Combined Rayfield-Gjoll district of ~90,000 hectares
- >95% disinterested shareholder approval for the agreement
- Golden Sky retains a free-carried 20% through discovery
- Transaction still subject to final TSXV acceptance
- Golden Sky diluted to 20% if Boliden completes earn-in
Vancouver, British Columbia--(Newsfile Corp. - November 17, 2025) - Golden Sky Minerals Corp. (TSXV: AUEN) (OTC Pink: LCKYF) ("Golden Sky" or the "Company") is pleased to announce that at its annual and special meeting of shareholders (the "Meeting") held on November 12, 2025, a majority of disinterested shareholders approved the previously announced Option and Joint Venture Agreement (the "Agreement") with Boliden Mineral Canada Ltd., a wholly owned subsidiary of Boliden AB ("Boliden").
The shareholders have overwhelmingly approved the resolution, with more than
This partnership represents a cornerstone of Golden Sky's growth strategy, enabling the Company to advance a high-potential asset with reduced financial risk and minimal equity dilution. Boliden's commitment to fund up to C
Ongoing collaboration between Golden Sky and Boliden has already yielded aggressive groundwork, including airborne geophysics and geochemical surveys completed in 2025, with drilling planned to test multiple high-priority targets on the combined Rayfield-Gjoll land package. A strong initial intercept could catalyze a material re-rating of the Company, unlocking company making potential akin to gold-rich copper porphyries like New Afton or Mt. Polley.
John Newell, President and CEO of Golden Sky, commented:
"We are thrilled to see such resounding endorsement from our shareholders for this transformative partnership. With over
Looking ahead, the partnership will focus on designing and executing an ambitious 2026 exploration program that includes geophysical and geochemical surveys, detailed geological mapping, refined drill targeting, and an initial drilling campaign to test high-priority targets identified through previous exploration work.
Completion of the transaction remains subject to final acceptance by the TSX Venture Exchange.
For further details on the Agreement and the Rayfield-Gjoll Project, shareholders and interested parties are encouraged to review the Company's Management Information Circular dated October 10, 2025, available under Golden Sky's profile on SEDAR+ at www.sedarplus.ca.
About Golden Sky Minerals Corp.
Golden Sky Minerals Corp. is a well-funded junior grassroots explorer engaged in the acquisition, assessment, exploration, and development of mineral properties located in highly prospective areas and mining-friendly districts. Golden Sky's mandate is to develop its portfolio of properties to the mineral resource stage through systematic exploration.
Its portfolio includes the Rayfield-Gjoll Copper-Gold Project in British Columbia, the Hotspot and Luckystrike gold projects in Yukon, and the Auden Gold Project in Ontario's Timmins camp. Golden Sky's objective is to create value for shareholders through the discovery and development of world-class mineral deposits. The company was incorporated in 2018 and is headquartered in Vancouver, British Columbia, Canada.
On behalf of the board of Directors
John Newell, President & CEO
Contact Information:
Golden Sky Minerals Corp.
Phone: (604) 512-2329
Email: info@goldenskyminerals.com
Website: www.goldenskyminerals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as "anticipates", "expects", "understanding", "has agreed to" or variations of such words and phrases or statements that certain actions, events or results "would", "occur" or "be achieved". Although Golden Sky has attempted to identify important factors and risks that could affect Golden Sky and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended, including, without limitation: inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with Golden Sky's expectations; accidents, equipment breakdowns, title and permitting matters; labour disputes or other unanticipated difficulties with or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on its projects; that Golden Sky may not be able to confirm historical exploration results and other risks set forth in Golden Sky's public filings at www.sedarplus.ca. In making the forward-looking statements in this news release, Golden Sky has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Golden Sky does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274835
FAQ
What did Golden Sky (LCKYF) shareholders approve on November 12, 2025?
How can Boliden earn an 80% interest in Rayfield under the LCKYF agreement?
What is the size of the combined Rayfield-Gjoll land package in the LCKYF deal?
What ownership will Golden Sky (LCKYF) hold after Boliden completes the earn-in?
What exploration plans are scheduled for the Rayfield-Gjoll project in 2026?
